Atos to set up fifth global center in Chongqing, paper says

French information technology services company Atos SE plans to set up its fifth global center in Chongqing to focus on the automobile industry, China Securities Journal reported Tuesday, citing a statement on the city government website. It has signed a memorandum of understanding for strategic cooperation with Chongqing’s Commission of Economy and Information and Chongqing Changan Automobile Co. Ltd. (000625.CN, 200625.CN). The center, the multinational company’s latest after establishing similar operations in North and South America, Europe and India, will act as a platform for operations, research and internet data processing that aims to create production value of more than 10 billion yuan (US$1.65 billion), the report said.

Apple Inc. has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing amid waning smartphone sales, Reuters reports. The US tech behemoth issued a rare...

Hong Kong Monetary Authority (HKMA) chief executive Norman Chan Tak-Lam will retire from his post on Oct. 1, a day after his second five-year term expires, Financial Secretary Paul Chan Mo-po announced on Thursday....

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Property developer New World Development (NWD) on Wednesday announced the creation of Hong Kong’s first property-purchase blockchain platform, in collaboration with Hong Kong Applied Science and Technology Research Institute Company (ASTRI). Bank of China...

Chinese smartphone makers have been making lots of improvement in the design and application of their products over the past few years. While many believe that Samsung Electronics and Apple are still the frontrunners...